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Top 10 Richest Countries in the World by GDP per Capita in 2023

9 January 2024 16:00 WIB

5. Norway

Not only does it offer the beauty of the glacier bay (fjord). Norway is also known as a country that produces oil and natural gas. It is not surprising that the majority of the people who make their living as fishermen have a GDP per capita of US$88,748.76 (Rp1,345 billion).

4. Qatar

Qatar is known for its rich oil and natural gas resources, which accelerate its GDP per capita reaching US$89,416,443 (Rp1,356 billion). Its population of 2.79 million does not need to pay taxes as the country's economy is backed by oil and gas production and exports.

3. Switzerland

With a GDP per capita of US$94,834,644 (Rp1,438 billion), Switzerland ranks among the 10 richest countries in the world in 2023. This country is rich from tourism due to its captivating natural beauty. Its banking industry is also regarded as the greatest in the world.

2. Ireland

Often compared to Iceland, Ireland could overtake other developed countries in terms of economy. Before 1970, this small country was hit by a poverty crisis and an explosion of unemployment. However, Ireland managed to rise and achieve a GDP per capita of US$106,997,402 (Rp1,622 billion) in 2023. This country, dubbed the Celtic Tiger, saw its economic growth double.

1. Luxembourg

At the top of the list, Luxembourg has a GDP per capita of US$128,819,444 (Rp1,953 billion). These figures were obtained from various industrial sectors, including rubber, chemicals, iron, steel, and technological development. With a population of only 640,000 people, the government can suppress unemployment.

How about Indonesia? 

Indonesia ranks 116th on the list of the world's richest countries, with a per capita GDP of US$5,010 or about Rp75,981 million.

Among ASEAN countries, Singapore ranks sixth with a per capita GDP of US$84,500,411 (Rp1,281 billion), followed by Brunei Darussalam at 26th with a per capita GDP of US$41,710 (Rp632,422 million), Malaysia at 67th with a per capita GDP of US$13,940 (Rp211,414 million) and Thailand at 89th with a per capita GDP of US$8,270 (Rp125,422 million).

Below Indonesia is Vietnam at 119th with a GDP per capita of US$4,680 (Rp70,976 million), the Philippines at 130th with a GDP per capita of US$3,760 (Rp57 million), and Laos at 151st with a GDP per capita of US$1,980 (Rp30 million).

NIA HEPPY | MELYNDA DWI PUSPITA (CW)

Editor's Choice: The 10 Largest Countries in the World

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